Walmart is now the world’s largest retailer by volume and revenue, but the fast-food giant has long been reluctant to give up its coveted turf.
Its grocery business has been a source of contention, as its stores are often crowded and crowded out by competitors, like Amazon.
And it has been the target of antitrust lawsuits over the years.
But the fast food giant has made significant progress toward a more diversified grocery business that is likely to make it a more valuable target for rival retailers.
The company said it will soon begin selling its own fresh-from-the-farm products and produce, which could provide a major boost to its bottom line.
Walmart has said it plans to start selling its grocery and drugstore business as soon as next year.
Walmart is also expanding its home delivery service, offering the first service that lets consumers order groceries in person from their homes.
Walmart’s grocery business was a source in a recent Bloomberg report of $7.4 billion in annual revenue for the company last year.
It has been shrinking at an annual rate of more than 9% since 2010.
The fast-casual chain has also been investing in its retail presence in recent years.
In the past year, it has increased its number of stores from a few hundred in the early 2000s to about 400 today.
The number of Walmart stores has more than doubled since 2010, to roughly 2,200.